Short-Term Home Loans
Own Your Home Outright Years Sooner
Why stretch payments over 30 years when you could be debt-free in 10? With DFCU short-term mortgages, you'll pay off faster, save thousands in interest, and enjoy rates as low as 5.74% APR—all with local servicing and no mortgage insurance when you put 20% down.
Build Equity at Lightning Speed
A short-term mortgage is designed for people who want freedom from debt sooner rather than later. Payments are higher, but the benefits are immediate and lasting:
10-year fixed at 5.74% rate
(6.331% APR).
Massive interest savings
Compared to 20- or 30-year loans.
No mortgage insurance
Required with 80% LTV or less.
Local servicing
For the life of your loan.
Perfect for homeowners who value financial independence over lower monthly payments.
Calculate Your Payments
Mortgage Calculator
Find a house payment to fit your budget with this calculator!
PrincipalInterestEscrow
Estimated payoff date:
07/27/2056
Total interest:
$382,184
Total to be repaid:
$662,184
The information provided in this calculator is an estimate and is for illustrative purposes only. Its accuracy is not guaranteed, and it should not be considered financial, legal, or tax advice. There may be other costs associated with obtaining the loan not included here. Figures shown are hypothetical and may not apply to your situation. This calculator does not pre-qualify you for any loan program. Before making any financial decisions, consult with a qualified financial advisor, accountant, attorney, or other appropriate professional.
Smart Strategy With ARM Loans
For some borrowers, a 7/1 Adjustable-Rate Mortgage provides the perfect balance of savings and flexibility. It locks in a lower rate for seven years, then adjusts annually. If you expect to sell or refinance before adjustments kick in, this can maximize your buying power today while keeping payments low.
Fixed for 7 years
At a competitive starting rate.
Adjusts annually after year 7
Based on index + margin.
Lower initial cost
Than a 10-year fixed option.
Great for transitional life stages, career relocations, or shorter-term plans.
Who Benefits Most
Short-term mortgages shine when life goals demand speed and security. They're especially valuable for:
Near-retirees
Seeking a mortgage-free retirement.
High earners
Leveraging income to eliminate debt quickly.
Refinancers
Well into their existing mortgage who want to finish strong.
Disciplined savers
Committed to long-term wealth building.
Trade bigger payments now for complete freedom in the near future.
Why Pay Your Lender for 30 Years When 10 Will Do?
Short-term mortgages aren't for everyone, but for those ready to build wealth aggressively and pay off debt quickly, they're unmatched. With competitive rates, flexible terms, and Utah-based support, DFCU helps you secure financial freedom on your timeline.
Become a Member Today
Become a Member Today
LDS Members and others are welcome to join us as members.
Save More, Stress Less
Save More, Stress Less
Earn Top Rates with Our High-Yield Savings—No Fees, No Fuss.
Payment Examples: The purchase transaction payments listed here are only examples and do not include taxes or insurance premiums. Your actual obligation amount may be greater. Membership and eligibility required, OAC. 10-year Fixed Payment: Monthly payments for a $180,000 loan with a 20% down payment and an interest rate of 6.00% (6.228% Annual Percentage Rate) would be $1998.37 for 120 months. 7/1 ARM Payment: Monthly payments for a $180,000 loan with a 20% down payment and an interest rate of 6.00% (6.00% Annual Percentage Rate) would be $1079.19 for 84 months. On month 85, the payment will adjust depending upon the new interest rate.